Price
$46.76
Increased by +5.77%
Dollar volume (20D)
2.82 M
ADR%
3.40
Earnings report date
Apr 14, 2025
Shares float
15.65 M
Shares short
145.68 K [0.93%]
Shares outstanding
16.14 M
Market cap
712.18 M
Beta
0.97
Price/earnings
8.90
20D range
40.57 47.59
50D range
40.57 52.60
200D range
32.64 52.60

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States.

It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit.

The company also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans.

In addition, it offers courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products.

The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

  • Quarterly earnings
  • Annual earnings
Reported date EPSChange YoY EstimateSurprise
Oct 15, 24 1.22
Decreased by -6.15%
1.17
Increased by +4.27%
Jul 16, 24 1.17
Decreased by -7.87%
1.16
Increased by +0.86%
Apr 16, 24 1.34
Increased by +2.29%
1.14
Increased by +17.54%
Jan 16, 24 1.25
Decreased by -8.76%
1.24
Increased by +0.81%
Oct 17, 23 1.30
Increased by +28.71%
1.15
Increased by +13.04%
Jul 18, 23 1.27
Increased by +71.62%
1.10
Increased by +15.45%
Apr 18, 23 1.31
Increased by +79.45%
1.16
Increased by +12.93%
Jan 17, 23 1.37
Increased by +45.74%
1.20
Increased by +14.17%
  • Quarterly financials
  • Annual financials
Fiscal ending date RevenueChange YoY IncomeChange YoY ProfitChange YoY
Sep 30, 24 83.41 M
Increased by +43.30%
19.62 M
Decreased by -5.93%
Increased by +23.52%
Decreased by -34.36%
Jun 30, 24 88.56 M
Increased by +60.45%
18.79 M
Decreased by -7.72%
Increased by +21.21%
Decreased by -42.48%
Mar 31, 24 87.59 M
Increased by +58.29%
21.56 M
Increased by +2.80%
Increased by +24.62%
Decreased by -35.06%
Dec 31, 23 73.80 M
Increased by +26.24%
20.03 M
Decreased by -8.13%
Increased by +27.14%
Decreased by -27.23%
Sep 30, 23 58.21 M
Increased by +17.28%
20.86 M
Increased by +30.10%
Increased by +35.83%
Increased by +10.93%
Jun 30, 23 55.20 M
Increased by +31.21%
20.36 M
Increased by +73.44%
Increased by +36.88%
Increased by +32.19%
Mar 31, 23 55.34 M
Increased by +37.78%
20.97 M
Increased by +82.51%
Increased by +37.90%
Increased by +32.46%
Dec 31, 22 58.46 M
Increased by +29.44%
21.80 M
Increased by +87.33%
Increased by +37.29%
Increased by +44.72%
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